Kekst CNC is working Japan's Softbank Group's $40B stock and cash deal to merge its UK-based Arm Limited unit into Nvidia Corp., a transaction the Wall Street Journal calls “one of the largest semiconductor takeovers ever.”
Nvidia, which is headquartered in Santa Clara, CA, says the acquisition joins its world-class AI computer platform with Arm’s ecosystem to “create the premier computing company for the age of artificial intelligence, accelerating innovation while expanding into large, high-growth markets.”
The deal will expand Nvidia’s graphic processors used for videogames into markets such as smartphones, PCs, self-driving cars and robotics.
“In the years ahead, trillions of computers running AI will create a new internet-of-things that is thousands of times larger than today’s internet-of-people,” said Nvidia CEO/founder Jensen Huang. “The combination will create a company fabulously positioned for the age of AI.”
Softbank, which bought Arm for $32B four years ago, is expected to own less than 10 percent of Nvidia once the deal is finalized.
Kekst CNC’s Jeremy Fielding and Richard Campbell are fielding media calls for Softbank. Publicis Groupe owns Kekst CNC.
BGR Group represents Noble Supply and Logistics as it files for Chapter 11 due to a change in its weapons support contract with the Defense Logistics Agency.
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Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
